Do you have poor credit and are you planning to marry that someone special? Is it becoming difficult for you to find finance for your wedding? Read this article for more information on where to find financial assistance for your big day. Make the beginning of your married life a pleasant experience by assisting you in getting wedding loans. If you want some money to finance your special day, then a wedding loan is an absolutely feasible option for you.
What are wedding loans?
Wedding loans enable you to finance your wedding if you are having financial difficulty in raising the cash yourself. Types of wedding loans
There are two types of wedding loans available to you. There are secured and unsecured forms of wedding loans. Unsecured loan For the unsecured form, you would be able to get money without pledging collateral against the loan. You can get funds ranging from £1,000 to £25,000. This aid comes at a slightly higher rate of interest, due to the absence of a security. Secured loan
On the other hand, secured wedding loans come with a guarantee which can be your car, your house, your jewellery, stock papers and so on. Wedding loans would help customers in getting financial help that ranges from £500 to £100,000 at a comparatively lower rate of interest. Such wedding loans come at cheaper rates of interest and flexible repayment options. Bad debt loans
Bad debts or bad debt loans as well as bad credit would not put an end to your dream wedding. Wedding loans can be arranged, irrespective of your credit history. Stained credit like arrears, defaults, insolvency, payment overdues, CCJs and so on would not prevent you from finding affordable deals. Use You can use the money for a wide array of expenses ranging from wardrobe to the honeymoon.
Handle with caution
However, although it sounds like a good idea at the start, careful consideration needs to be considered before taking a wedding loan. Wedding loan is the same as any other standard loan. Concerns Although it may be a stress-free, short-term solution, it can also set way for a longer monetary problem which could in fact lead the way to a start of an unhealthy and stressful financial life with your partner. Research and consider all the options carefully.